Trump Refuses to Extend Tariff Deadline Amid Growing Tensions

Reported about 11 hours ago

President Trump announced that no extensions will be granted for tariffs set to begin on August 1, 2025, following a series of warning letters sent to 14 countries outlining potential tariffs ranging from 25% to 40%. The new rate structure, which impacts nations like Japan, South Korea, and several Southeast Asian countries, reflects a fluctuating trade policy. Amidst discord, China warned Trump against igniting trade tensions and promised retaliation for any exclusionary supply chain agreements with the U.S.

Source: YAHOO

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